Broadcom reported a strong fiscal Q2 with $22.19 billion in revenue and 143% growth in AI chip sales, beating Wall Street estimates. However, its fiscal Q3 AI revenue guidance of $16 billion fell short of the $17.2 billion expected, triggering a sharp 14% drop in premarket trading and wiping out about $317 billion in market value. The sell-off reflects heightened investor expectations in the AI sector, where merely beating earnings is no longer enough; investors demand accelerating growth and raised guidance. Despite the stock decline, Broadcom's fundamentals remain solid, making the dip potentially a buying opportunity for long-term investors.
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